Bread Financial Holdings reported a smaller May loss rate and a lower delinquency rate, even as loan balances grew from a year earlier.
For the month ended May 31, 2026, end-of-period credit card and other loans were $18.363 billion, up from $17.702 billion a year earlier. Average credit card and other loans rose to $18.169 billion from $17.714 billion, a 2.6% increase after a 0.7% decline in the prior-year period.
Net principal losses fell to $108 million from $120 million. The net principal loss rate improved to 6.98% from 7.97%, a decline of 99 basis points.
Delinquencies also eased. Principal balances 30 days or more past due were $853 million, down from $926 million. The delinquency rate moved down to 5.24% from 5.71%, a drop of 47 basis points.
The company noted that its second-quarter 2025 loss and loss-rate figures were negatively affected by actions tied to hurricanes Helene and Milton in late 2024. The market has reacted to these announcements by moving the company's shares 2.99% to a price of $94.15. For more information, read the company's full 8-K submission here.
